Meritage Corporation (MTH)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,579,840 | 1,502,110 | 1,802,900 | 1,435,330 | 976,002 |
| Revenue | US$ in thousands | 6,363,870 | 6,113,010 | 6,298,150 | 5,147,330 | 4,506,300 |
| Gross profit margin | 24.83% | 24.57% | 28.63% | 27.88% | 21.66% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,579,840K ÷ $6,363,870K
= 24.83%
The gross profit margin of Meritage Corporation has shown a positive trend over the past five years, increasing from 21.66% as of December 31, 2020, to 24.83% as of December 31, 2024. This indicates an improvement in the company's ability to generate profits on its sales after accounting for the cost of goods sold. However, it is important to note that there was a slight decrease in the gross profit margin from 2022 to 2023, suggesting a temporary dip in profitability during that period. Overall, the increasing trend in the gross profit margin is a positive sign for Meritage Corporation, reflecting potential efficiency gains or pricing power in its operations.
Peer comparison
Dec 31, 2024